Disliked{quote} If you are courageous enough, Argon, follow what SP has told you WITHOUT the indicator. No back testing (unless you have trouble identifying CZ, or unless you want to understand what happens AFTER a CZ has appeared - but then that would mean you haven't done the 1 week homework). Forward test and you will soon see the simplicity of the strategy. There isn't much to it, really. CZ forms, you fix a reasonable target, price breaks out. And 2 things can happen. You win, or you get stopped out. Thing is, price won't stay in that range forever....Ignored
thanks for reply
but I quite well understand this strategy, and I am using indi not to count manualy to find "sweet spot" ( one can use ATR as well, as help),and of course price must go in one or other direction,(who cares ! when I was novice trader I cared !) coz right cant stay there 4ever, and I am doing live trading (demo thought) and it going just GREAT! and my SL/TP levels are not greedy at all, so they work well!
I dont understand why SP is so upset, maybe he cant find settings and pairs above 80 + % even 1-5 years back, but I can, and that means a lot, that means that setting is GREAT and will work in future as well with probability more less (+ -90%)I mean if setting is good this month and as well all moths 3-5 years back that means to me quality and high probability for futures good trades, where I use only maximum first line of recovery trades,(or rest of less then 20 % of trades) so my manual set ups are GOOD!
well that isn't not my problem and I am not saying blah,blah at all ! I am trading more then 4 years, unfortunately just demo, (but that will be changed soon), and most of the time manually I was trading breakouts from CZ,and other patterns!
have seen many systems like london break ( Merr's), squalou was coding indis and EA, all what Steve Hopwood have done, naningbob strategies, (my one, some of them quite good ones), (have red hundreds of books and tried more then 100 systems and 1000 indis), and maybe SP should read great book " Trade chart patterns like a pro "(suri dudela, about naked trading and cz zones, paterns H&S and cups, adam-eve , round tops and bottoms double/triple tops/bottoms, break trough etc), which I know page by page, and all good patterns,which work even today as gartley pattern after 50 years, so we can talk about trading later ! coz there is one BIG TRUTH, the patterns work coz traders doesn't change their mentality, that always stays the same , fear, greed, SL/TP hunting by big banks and big guys etc, etc.....that's forex most of the time " surprise move" for retail crowd ! and price is 90 % intentionally driven by federal reserve, big banks, other CB and other their friends, but the boss and owner of the game is federal reserve, as well (rockafeler and rothshild family), dont tell me you was thinking that forex is place where they are inviting us to get rich ? lol !
NO, they want our last penny !
its zero sum game kill or get killed !don't tell me you didn't know this truth?
thanks again and kind regards
argon